Macmahon Holdings Limited
(ASX:MAH) has scored a $200 million extension to its Olympic Dam contract in South Australia from BHP Billiton Limited
(ASX:BHP) The three year contract extension will see the contract mining and construction company continue its activities across Australia’s largest underground mine.
The contract began in 2004 and work includes underground development works, the installation of ground support and load and haul operations.
BHP recently warned it will not meet the deadline for deciding on its Olympic Dam copper and uranium mine expansion but has affirmed it expects the project to be a very major mine in due course.
Shares in Macmahon Holdings fell 5.17 per cent on Friday to finish the week at $0.275 before the announcement was made.
Macmahon Holdings posted a record annual net profit of $56 million in the 2012 financial year.
